josh lerner

Asset Classes

Alternative PE vehicles underperform

Alternative private equity vehicles underperform the associated main fund, new research from Harvard's Josh Lerner and MIT's Antoinette Schoar has shown for the first time - but skilled limited partners flip the script.

Amanda WhiteAugust 22, 2018

FIS MIT 2017

Private equity persistence slips

Private equity is undergoing a structural change – with persistence and performance waning – but co-investment may not be the panacea, MIT’s Antoinette Schoar discovers.

Amanda WhiteNovember 9, 2017

FIS Harvard 2014

Concerns over private equity leave pension funds wary

Institutional investors are clearly attracted to private equity, but remain wary of the sector for its perceived lack of transparency and ability to be measured, high fees and a sense that they cannot invest into the sector as truly equal partners. “It’s clear that now is a time with a lot of flux in private […]

Simon HoyleOctober 29, 2014